Common use of Settlement Procedures During the Revolving Period Clause in Contracts

Settlement Procedures During the Revolving Period. (a) On each Payment Date during the Revolving Period, the Servicer shall direct the Collateral Custodian to pay pursuant to the Monthly Report to the following Persons, from (1) the Collection Account, to the extent of Available Funds, and (2) Servicer Advances received with respect to the immediately preceding Collection Period that ended on the last day of the calendar month immediately preceding the calendar month in which such Payment Date occurs, the following amounts in the following order of priority:

Settlement Procedures During the Revolving Period. (a) On each Payment Date during the Revolving Period, the Servicer shall direct the Collateral Custodian to pay pursuant to the Monthly Report to the following Persons, from (1) the Collection Account, to the extent of Available Funds, and (2) Servicer Advances received with respect to the immediately preceding Collection Period that ended on the last day of the calendar month immediately preceding the calendar month in which such Payment Date occursPeriod, the following amounts in the following order of priority:

Settlement Procedures During the Revolving Period. (a) On each Payment Date during the Revolving Period, the Servicer shall direct the Collateral Custodian to pay pursuant to the Monthly Servicing Report to (and the following Persons, Collateral Custodian shall make payment from (1) the Collection Account, Account to the extent of Available Funds, and (2Funds in reliance on the information set forth in such Servicing Report) Servicer Advances received with respect to the immediately preceding Collection Period that ended on the last day of the calendar month immediately preceding the calendar month in which such Payment Date occursfollowing Persons, the following amounts in the following order of priority:

Settlement Procedures During the Revolving Period. (a) On each Payment Date during the Revolving Period, the Servicer shall direct the Collateral Custodian Trustee to pay pursuant to the Monthly Servicing Report to (and the following Persons, Trustee shall make payment from (1) the Collection Account, Account to the extent of Available Funds, in reliance on the information set forth in such Servicing Report and (2without any independent verification of such information) Servicer Advances received with respect to the immediately preceding Collection Period that ended on the last day of the calendar month immediately preceding the calendar month in which such Payment Date occursfollowing Persons, the following amounts in the following order of priority:

Settlement Procedures During the Revolving Period. (a) On each Payment Date during the Revolving Period, the Servicer shall direct the Collateral Custodian Trustee to pay pursuant to the Monthly Report to the following Persons, from (1) the Collection Account, to the extent of Available Funds, and (2) Servicer Advances received with respect to the immediately preceding related Collection Period that ended on and (3) withdrawals from the last day of the calendar month immediately preceding the calendar month in which Reserve Account with respect to such Payment Date occursDate, the following amounts in the following order of priority:

Settlement Procedures During the Revolving Period. (a) On each Payment Date during (i) the Revolving Period and (ii) the Early Termination Period, the Servicer shall direct the Collateral Custodian Trustee to pay pursuant to the Monthly Report to the following Persons, from (1) the Collection Account, to the extent of Available Funds, and (2) Servicer Advances received with respect to the immediately preceding related Collection Period that ended on and (3) withdrawals from the last day of the calendar month immediately preceding the calendar month in which Reserve Account with respect to such Payment Date occursDate, the following amounts in the following order of priority: