Common use of Settlement Date Procedure Clause in Contracts

Settlement Date Procedure. On each Settlement Date for each Undivided Interest, if one or more Run Off Days for such Undivided Interest occurred during the related Yield Period for the Settlement Period ending on such Settlement Date for such Undivided Interest, Servicer shall deposit to the account of the Agent for the benefit of the Purchaser or the Bank Investors then owning such Undivided Interest, as described in SECTION 3.5, the amounts set aside pursuant to SECTION 3.2(A) out of the Purchaser's Share of Collections during such Settlement Period, but not to exceed the sum of (i) the accrued and unpaid Earned Discount, (ii) the Purchaser's Investment of such Undivided Interest, (iii) the aggregate of other amounts owed hereunder by the Transferor to the Purchaser, any Bank Investor or the Agent in respect of such Undivided Interest, and (iv) the accrued Servicer's Fee payable with respect to such Undivided Interest. If no Termination Event or Unmatured Termination Event shall have occurred and be continuing, any amounts set aside pursuant to the first sentence of this SECTION 3.2 and not required to be deposited to the Agent's account pursuant to the next preceding sentence shall be paid to the Transferor by Servicer.

Settlement Date Procedure. On each Settlement Date for each Undivided Interest, if one or more Run Off Liquidation Days for such Undivided Interest occurred occurs during the related Yield Period for the Settlement Period ending on such Settlement Date for such Undivided InterestPeriod, Servicer shall deposit to the account Agent's Account the U.S. Dollar Equivalent at such time of the Agent for the benefit of the Purchaser or the Bank Investors then owning such Undivided Interest, as described in SECTION 3.5, the amounts set aside pursuant to SECTION 3.2(ASection 3.02(a) out and Seller shall deposit to the Agent's Account the Earned Discount for such Undivided Interest, the Servicer's Fee payable with respect to such Undivided Interest and all other amounts owed by Seller to Purchaser hereunder, provided that the aggregate amount of the Purchaser's Share of Collections during such Settlement Period, but deposits shall not to exceed the sum of (i) the accrued and unpaid Earned DiscountDiscount for such Undivided Interest, (ii) the related Purchaser's Investment Investments of such Undivided Interest, (iii) the aggregate of other amounts owed hereunder by the Transferor Seller to the Purchaser, any Bank Investor or the Agent in respect of such Undivided Interest, and (iv) the accrued Servicer's Fee payable with respect to such Undivided Interest. If no Termination Event or Unmatured Termination Event shall have occurred and be continuing, any Any amounts set aside pursuant to the first sentence of this SECTION 3.2 Section 3.02(a) and not required to be deposited to the Agent's account Account pursuant to the next preceding sentence shall be paid held for application to the Transferor by Servicernext maturing Undivided Interest.

Settlement Date Procedure. On each Settlement Date for each Undivided Interest, if one or more Run Off Liquidation Days for such Undivided Interest occurred occurs during the related Yield Period for the Settlement Period ending on such Settlement Date for such Undivided InterestPeriod, Servicer shall deposit to the account of the Agent for the benefit of the Purchaser or the Bank Investors then owning such Undivided Interest, as described in SECTION 3.5, Agent's Account the amounts set aside pursuant to SECTION 3.2(ASection 3.02(a) out and Sellers shall deposit to the Agent's Account the Earned Discount for such Undivided Interest in the Approved Currency of such Undivided Interest, the PurchaserServicer's Share Fee payable with respect to such Undivided Interest and all other amounts owed by Sellers to the Purchasers hereunder, provided that the aggregate amount of Collections during such Settlement Period, but deposits shall not to exceed the sum of (i) the accrued and unpaid Earned DiscountDiscount for such Undivided Interest, (ii) the Purchaser's Investment related Purchasers' Investments of such Undivided Interest, (iii) the aggregate of other amounts owed hereunder by the Transferor Sellers to the Purchaser, any Bank Investor or the Agent in respect of such Undivided InterestPurchasers, and (iv) the accrued Servicer's Fee payable with respect to such Undivided Interest. If no Termination Event or Unmatured Termination Event shall have occurred and be continuing, any Any amounts set aside pursuant to the first sentence of this SECTION 3.2 Section 3.02(a) and not required to be deposited to the Agent's account Account pursuant to the next preceding sentence shall be paid held for application to the Transferor by Servicernext maturing Undivided Interest denominated in the same Approved Currency.

Settlement Date Procedure. On each Settlement Date for each Undivided Interest, if one or more Run Off Liquidation Days for such Undivided Interest occurred occurs during the related Yield Period for the Settlement Period ending on such Settlement Date for such Undivided InterestPeriod, Servicer shall deposit to the account of the Agent for the benefit of the Purchaser or the Bank Investors then owning such Undivided Interest, as described in SECTION 3.5, Agent's Account the amounts set aside pursuant to SECTION 3.2(ASection 3.02(a) out and Seller shall deposit to the Agent's Account the Earned Discount for such Undivided Interest in the Approved Currency of such Undivided Interest, the PurchaserServicer's Share Fee payable with respect to such Undivided Interest and all other amounts owed by Seller to the Purchasers hereunder, provided that the aggregate amount of Collections during such Settlement Period, but deposits shall not to exceed the sum of (i) the accrued and unpaid Earned DiscountDiscount for such Undivided Interest, (ii) the Purchaser's Investment related Purchasers' Investments of such Undivided Interest, (iii) the aggregate of other amounts owed hereunder by the Transferor Seller to the Purchaser, any Bank Investor or the Agent in respect of such Undivided InterestPurchasers, and (iv) the accrued Servicer's Fee payable with respect to such Undivided Interest. If no Termination Event or Unmatured Termination Event shall have occurred and be continuing, any Any amounts set aside pursuant to the first sentence of this SECTION 3.2 Section 3.02(a) and not required to be deposited to the Agent's account Account pursuant to the next preceding sentence shall be paid held for application to the Transferor by Servicernext maturing Undivided Interest denominated in the same Approved Currency.

Settlement Date Procedure. On each Settlement Date for each Undivided Interest, if one or more Run Off Days for such Undivided Interest occurred during the related Yield Period for the Settlement Period ending on such Settlement Date for such Undivided Interest, Servicer shall deposit to the account of the Agent for the benefit of the Purchaser or the Bank Investors then owning such Undivided Interest, as described in SECTION Section 3.5, the amounts set aside pursuant to SECTION 3.2(ASection 3.2(a) out of the Purchaser's Share of Collections during such Settlement Period, but not to exceed the sum of (i) the accrued and unpaid Earned Discount, (ii) the Purchaser's Investment of such Undivided Interest, (iii) the aggregate of other amounts owed hereunder by the Transferor to the Purchaser, any Bank Investor or the Agent in respect of such Undivided Interest, and (iv) the accrued Servicer's Fee payable with respect to such Undivided Interest. If no Termination Event or Unmatured Termination Event shall have occurred and be continuing, any amounts set aside pursuant to the first sentence of this SECTION Section 3.2 and not required to be deposited to the Agent's account pursuant to the next preceding sentence shall be paid to the Transferor by Servicer.