Common use of Treatment of Prepayments and Advances Made Pursuant to Cash Management Agreements Clause in Contracts

Treatment of Prepayments and Advances Made Pursuant to Cash Management Agreements. Prepayments made by a Dealer to the Seller under a Cash Management Agreement will be treated as Principal Collections and, in accordance with the Floorplan Financing Guidelines, the aggregate principal amount of Receivables in the related Account will decrease by the amount of such prepayment. Conversely, any advances to such Dealer made by the Seller under a Cash Management Agreement will be treated as a supplemental advance to such Dealer and, in accordance with the Floorplan Financing Guidelines, the aggregate principal amount of Receivables in the related Account will increase by the amount of such supplemental advance.

Treatment of Prepayments and Advances Made Pursuant to Cash Management Agreements. Prepayments With respect to any Account, prepayments made by a Dealer to the Seller under a the related Cash Management Agreement will be treated as Principal Collections and, in accordance with the Floorplan Financing Guidelines, the aggregate principal amount of Principal Receivables financed in the related connection with such Account will decrease by the amount of such prepayment. Conversely, any advances to such Dealer made by the Seller under a pursuant to the related Cash Management Agreement will be treated shown on the Servicer’s records as a supplemental advance to such Dealer and, in accordance with the Floorplan Financing Guidelines, the aggregate principal amount of Principal Receivables financed in connection with the related Account will increase by the amount of such supplemental advance.

Treatment of Prepayments and Advances Made Pursuant to Cash Management Agreements. Prepayments With respect to any Account, prepayments made by a Dealer to the Seller under a the related Cash Management Agreement will be treated as Principal Collections and, in accordance with the Floorplan Financing Guidelines, the aggregate principal amount of Principal Receivables financed in the related connection with such Account will decrease by the amount of such prepayment. Conversely, any advances to such Dealer made by the Seller under a pursuant to the related Cash Management Agreement will be treated shown on the Servicer's records as a supplemental advance to such Dealer and, in accordance with the Floorplan Financing Guidelines, the aggregate principal amount of Principal Receivables financed in connection with the related Account will increase by the amount of such supplemental advance.