Common use of Settlement Dates Clause in Contracts

Settlement Dates. On the Business Day following each Deposit Date occurring prior to the Liquidity Termination Date (unless an Interim Liquidation is in effect), the Collection Agent shall set aside from Collections the amounts necessary to make all distributions to the Agent, the Purchasers and the Collection Agent required by this Section 2.3(a) with respect to the next succeeding Settlement Date. The balance of such Collections shall be released to the Seller on a daily basis. On each Settlement Date prior to the Liquidity Termination Date (unless an Interim Liquidation is in effect), all Collections so set aside during the preceding Discount Period shall be applied where applicable by the Collection Agent (or, if the Agent is then in control of any Collections, by the Agent) in the following order: (i) to the Collection Agent, an amount equal to the Collection Agent Fee due and payable on such date; (ii) all fees and other amounts due and payable to the Agent; (iii) ratably to the Purchasers, all Funding Charges and Discount due and payable on such date; (iv) ratably to the Purchasers, all other amounts due and payable to the Purchasers under the Transaction Documents; and (v) to the Seller. On the last day of each Tranche Period for a Eurodollar Tranche or Prime Tranche, the Collection Agent (or, if the Agent is then in control of any Collections, the Agent) shall pay Discount due and payable to such Liquidity Providers from accounts set aside for such purpose pursuant to Section 3.2(a). If any part of the Sold Interest in any Collections is applied to pay any amounts that are recourse obligations of the Seller pursuant to Section 1.4(c) and after giving effect to such application the Sold Interest is greater than 100%, the Seller shall pay, as a recourse obligation for distribution as part of the Sold Interest in Collections, to the Collection Agent the amount so applied to the extent necessary so that after giving effect to such payment the Sold Interest is no greater than 100%.

Settlement Dates. On the Business Day following each Deposit Date occurring prior to the Liquidity Termination Date (unless an Interim Liquidation is in effect), the Collection Agent shall set aside from Collections the amounts necessary to make all distributions to the Agent, the Purchasers Purchaser and the Collection Agent required by this Section 2.3(a2.1(a) with respect to the next succeeding Settlement Date. The balance of such Collections shall be released to the Seller on a daily basis. On each Settlement Date prior to the Liquidity Termination Date (unless an Interim Liquidation is in effect), all Collections so set aside during the preceding Discount Settlement Period shall be applied where applicable by the Collection Agent (or, if the Agent is then in control of any Collections, by the Agent) in the following order: (i) to the Collection Agent, an amount equal to the Collection Agent Fee due and payable on such date; (ii) all fees and other amounts due and payable to the AgentAgent pursuant to the Transaction Documents; (iiiii) ratably to the PurchasersPurchaser, all Funding Charges and Discount due and payable on such date;; and (iviii) ratably to the PurchasersCollection Agent, all the Collection Agent Fee and other amounts due and payable to the Purchasers under the Transaction Documents; andCollection Agent; (viv) to the Seller, all remaining funds. On the last day of each Tranche Period for a Eurodollar Tranche or Prime TranchePeriod, the Collection Agent (or, if the Agent is then in control of any Collections, the Agent) shall pay Discount due and payable to such Liquidity Providers the Purchaser from accounts amounts set aside for such purpose pursuant to this Section 3.2(a2.1(a). If any part of the Sold Purchase Interest in any Collections is applied to pay any amounts that are recourse obligations of the Seller pursuant to Section 1.4(c) and after giving effect to such application the Sold Purchase Interest is greater than 100%, the Seller shall pay, as a recourse obligation for distribution as part of the Sold Purchase Interest in Collections, to the Collection Agent the amount so applied to the extent necessary so that after giving effect to such payment the Sold Purchase Interest is no greater than 100%, for distribution as part of the Purchase Interest in Collections.

Settlement Dates. On the Business Day following each Deposit Date occurring prior to the Liquidity Termination Date (unless an Interim Liquidation is in effect), the Collection Agent shall set aside from Collections the amounts necessary to make all distributions to the Agent, the Purchasers and the Collection Agent required by this Section 2.3(a) with respect to the next succeeding Settlement Date. The balance of such Collections shall be released to the Seller on a daily basis. On each Settlement Date prior to the Liquidity Termination Date (unless an Interim Liquidation is in effect), all Collections so set aside during the preceding Discount Settlement Period shall be applied where applicable by the Collection Agent (or, if the Agent is then in control of any Collections, by the Agent) in the following order: (i) to the Collection Agent, an amount equal to the Collection Agent Fee due and payable on such date; (ii) all fees and other amounts due and payable to the Agent; (iiiii) ratably to the Purchasers, all Funding Charges and Discount due and payable on such date; (iviii) ratably to the Purchasers, all other amounts due and payable to the Purchasers under the Transaction Documents; (iv) to the Collection Agent and the Exchange Agent, an amount equal to the Collection Agent Fee due and payable on such date; and (v) to the Seller. On the last day of each Tranche Period for a Eurodollar Tranche or Prime Tranche, the Collection Agent (or, if the Agent is then in control of any Collections, the Agent) shall pay Discount due and payable to such Liquidity Providers Committed Purchasers from accounts set aside for such purpose pursuant to Section 3.2(a). If any part of the Sold Interest in any Collections is applied to pay any amounts that are recourse obligations of the Seller pursuant to Section 1.4(c) and after giving effect to such application the Sold Interest is greater than 100100.0%, the Seller shall pay, as a recourse obligation for distribution as part of the Sold Interest in Collections, to the Collection Agent the amount so applied to the extent necessary so that after giving effect to such payment the Sold Interest is no greater than 100100.0%.

Settlement Dates. On the Business Day following each Deposit Date occurring prior to the Liquidity Termination Date (unless an Interim Liquidation is in effect), the Collection Agent shall set aside from Collections the amounts necessary to make all distributions to the Agent, the Purchasers and the Collection Agent required by this Section 2.3(a) with respect to the next succeeding Settlement Date. The balance of such Collections shall be released to the Seller on a daily basis. On each Settlement Date prior to the Liquidity Termination Date (unless an Interim Liquidation is in effect), all Collections so set aside during the preceding Discount Settlement Period shall be applied where applicable by the Collection Agent (or, if the Agent is then in control of any Collections, by the Agent) in the following order: (i) to the Collection Agent, an amount equal to the Collection Agent Fee due and payable on such date; (ii) all fees and other amounts due and payable to the AgentAgent under the Transaction Documents; (iii) ratably to the Purchasers, all Funding Charges and Discount due and payable on such; date provided, however, that if such datedate occurs during the Term-Out Period, the Committed Purchaser’s Ratable Share of such Collections shall be deposited in the Cash Collateral Account for application on or after the Maturity Date in accordance with Section 3.10; (iv) ratably to the Purchasers, all other amounts due and payable to the Purchasers under the Transaction Documents; and (v) to the Seller. On the last day of each Tranche Period for a Eurodollar Tranche or Prime Tranche, the Collection Agent (or, if the Agent is then in control of any Collections, the Agent) shall pay Discount due and payable to such Liquidity Providers Committed Purchasers from accounts amounts set aside for such purpose pursuant to Section 3.2(a). If any part of the Sold Interest in any Collections is applied to pay any amounts that are recourse obligations of the Seller pursuant to Section 1.4(c) and after giving effect to such application the Sold Interest is greater than 100%, the Seller shall pay, as a recourse obligation for distribution as part of the Sold Interest in Collections, to the Collection Agent the amount so applied to the extent necessary so that after giving effect to such payment the Sold Interest is no greater than 100%.

Settlement Dates. On the Business Day following each Deposit Date occurring prior to the Liquidity Termination Date (unless an Interim Liquidation is in effect), the Collection Agent shall set aside from Collections the amounts necessary to make all distributions to the Agent, the Purchaser Agents, the Purchasers and the Collection Agent required by this Section 2.3(a) with respect to the next succeeding Settlement Date. The balance of such Collections shall be released to the Seller on a daily basis. On each Settlement Date prior to the Liquidity Termination Date (unless an Interim Liquidation is in effect), all Collections so set aside during the preceding Discount Settlement Period shall be applied where applicable by the Collection Agent (or, if the Agent is then in control of any Collections, by the Agent) in the following order: (i) all out-of-pocket expenses due and payable to the Agent (other than in its capacity as a Purchaser Agent); (ii) ratably to the Agent and each Purchaser Agent all fees and other amounts not described in clause (i) above due to the Agent and such Purchaser Agents; (iii) ratably to each Purchaser Group, all Funding Charges and Discount (without duplication) due and payable to such Purchaser Group on such date; (iv) ratably to each Purchaser Group, all other amounts due and payable to such Purchaser Group under the Transaction Documents; (v) to the Collection Agent, an amount equal to the Collection Agent Fee due and payable on such date; (ii) all fees and other amounts due and payable to the Agent; (iii) ratably to the Purchasers, all Funding Charges and Discount due and payable on such date; (iv) ratably to the Purchasers, all other amounts due and payable to the Purchasers under the Transaction Documents; and (vvi) to the Seller. On the last day of each Tranche Period for a Eurodollar Tranche or Prime Tranche, the Collection Agent (or, if the Agent is then in control of any Collections, the Agent) shall pay Discount due and payable to such Liquidity Providers Related Bank Purchasers from accounts set aside for such purpose pursuant to Section 3.2(a). If any part of the Sold Interest in any Collections is applied to pay any amounts that are recourse obligations of the Seller pursuant to Section 1.4(c) and after giving effect to such application the Sold Interest is greater than 100100.0%, the Seller shall pay, as a recourse obligation for distribution as part of the Sold Interest in Collections, to the Collection Agent the amount so applied to the extent necessary so that after giving effect to such payment the Sold Interest is no greater than 100100.0%.

Settlement Dates. On the Business Day following each Deposit Date occurring prior to the Liquidity Bank Termination Date (unless an Interim Liquidation is in effect), the Collection Agent shall set aside from Collections the amounts necessary to make all distributions to the Agent, the Purchasers Committed Lenders and the Collection Agent required by this Section 2.3(a3.3(a) with respect to the next succeeding Settlement Date. The balance of such Collections shall be released to the Seller Borrower on a daily basis. On each Settlement Date prior to the Liquidity Bank Termination Date (unless an Interim Liquidation is in effect), all Collections so set aside during the preceding Discount Period shall be applied where applicable by the Collection Agent (or, if the Agent is then in control of any Collections, by the Agent) in the following order: (i) all fees and other amounts due and payable to the Agent; (ii) ratably to the Committed Lenders, all Funding Charges and Discount due and payable on such date; (iii) ratably to the Committed Lenders, all other amounts due and payable to the Committed Lenders under the Transaction Documents; (iv) to the Collection Agent, an amount equal to the Collection Agent Fee due and payable on such date; (ii) all fees and other amounts due and payable to the Agent; (iii) ratably to the Purchasers, all Funding Charges and Discount due and payable on such date; (iv) ratably to the Purchasers, all other amounts due and payable to the Purchasers under the Transaction Documents; and (v) to the Seller. On the last day of each Tranche Period for a Eurodollar Tranche or Prime Tranche, the Collection Agent (or, if the Agent is then in control of any Collections, the Agent) shall pay Discount Interest due and payable to such Liquidity Providers Committed Lenders from accounts set aside for such purpose pursuant to Section 3.2(a). If any part of the Sold Secured Interest in any Collections is applied to pay any amounts that are recourse obligations of the Seller Borrower pursuant to Section 1.4(c2.4(c) and after giving effect to such application the Sold Secured Interest is greater than 100%, the Seller Borrower shall pay, as a recourse obligation for distribution as part of the Sold Secured Interest in Collections, to the Collection Agent the amount so applied to the extent necessary so that after giving effect to such payment the Sold Secured Interest is no greater than 100%.

Settlement Dates. On the Business Day following each Deposit Date occurring prior to the Liquidity Termination Date (unless an Interim Liquidation is in effect), the Collection Agent shall set aside from Collections the amounts necessary to make all distributions to the Agent, the Purchasers and the Collection Agent required by this Section 2.3(a) with respect to the next succeeding Settlement Date. The balance of such Collections shall be released to the Seller on a daily basis. On each Settlement Date prior to the Liquidity Termination Date (unless an Interim Liquidation is in effect), all Collections so set aside during the preceding Discount Settlement Period shall be applied where applicable by the Collection Agent (or, if the Agent is then in control of any Collections, by the Agent) in the following order: (i) to the Collection Agent, an amount equal to the Collection Agent Fee due and payable on such date; (ii) all fees and other amounts due and payable to the Agent; (iii) ratably to the Purchasers, all Funding Charges and Discount due and payable on such date; (iv) ratably to the Purchasers, all other amounts due and payable to the Purchasers under the Transaction Documents; and (v) to the Seller. On the last day of each Tranche Period for a Eurodollar Tranche or Prime Tranche, the Collection Agent (or, if the Agent is then in control of any Collections, the Agent) shall pay Discount due and payable to such Liquidity Providers Committed Purchasers from accounts amounts set aside for such purpose pursuant to Section 3.2(a). If any part of the Sold Interest in any Collections is applied to pay any amounts that are recourse obligations of the Seller pursuant to Section 1.4(c) and after giving effect to such application the Sold Interest is greater than 100%, the Seller shall pay, as a recourse obligation for distribution as part of the Sold Interest in Collections, to the Collection Agent the amount so applied to the extent necessary so that after giving effect to such payment the Sold Interest is no greater than 100%.

Settlement Dates. On the Business Day following each Deposit Date occurring prior to the Liquidity Termination Date (unless an Interim Liquidation is in effect), the Collection Agent shall set aside from Collections the amounts necessary to make all distributions to the Agent, the Purchasers and the Collection Agent required by this Section 2.3(a) with respect to the next succeeding Settlement Date. The balance of such Collections shall be released to the Seller on a daily basis. On each Settlement Date prior to the Liquidity Termination Date (unless an Interim Liquidation is in effect), all Collections so set aside during the preceding Discount Period shall be applied where applicable by the Collection Agent (or, if the Agent is then in control of any Collections, by the Agent) in the following order: (i) to the Collection Agent, an amount equal to the Collection Agent Fee due and payable on such date; (ii) all fees and other amounts due and payable to the Agent; (iiiii) ratably to the Purchasers, all Funding Charges and Discount due and payable on such date; (iviii) ratably to the Purchasers, all other amounts due and payable to the Purchasers under the Transaction Documents; (iv) to the Collection Agent, an amount equal to the Collection Agent Fee due and payable on such date; and (v) to the Seller. On the last day of each Tranche Period for a Eurodollar Tranche or Prime Tranche, the Collection Agent (or, if the Agent is then in control of any Collections, the Agent) shall pay Discount due and payable to such Liquidity Providers from accounts set aside for such purpose pursuant to Section 3.2(a). If any part of the Sold Interest in any Collections is applied to pay any amounts that are recourse obligations of the Seller pursuant to Section 1.4(c) and after giving effect to such application the Sold Interest is greater than 100%, the Seller shall pay, as a recourse obligation for distribution as part of the Sold Interest in Collections, to the Collection Agent the amount so applied to the extent necessary so that after giving effect to such payment the Sold Interest is no greater than 100%.